Mission Produce Announces Pricing of Initial Public Offering
01 October 2020 - 9:26AM
Mission Produce, Inc. (“Mission” or the “Company”) today announced
the pricing of its initial public offering of 8,000,000 shares of
its common stock, consisting of 6,250,000 shares being offered by
the Company and 1,750,000 shares being offered by certain selling
stockholders, at a price to the public of $12.00 per share. In
addition, the underwriters have been granted a 30-day option to
purchase up to an additional 1,200,000 shares of common stock from
the Company. The shares are expected to begin trading on the NASDAQ
Global Select Market on October 1, 2020, under the symbol “AVO.”
The closing of the offering is expected to occur on October 5,
2020, subject to the satisfaction of customary closing conditions.
BofA Securities, J.P. Morgan and Citigroup are
acting as bookrunning managers for the offering. Roth Capital
Partners, Stephens Inc. and D.A. Davidson & Co. are acting as
co-managers.
A registration statement relating to these
securities has been filed with the U.S. Securities and Exchange
Commission and was declared effective on September 30, 2020. The
offering will be made only by means of a prospectus. A copy of the
final prospectus relating to the offering may be obtained, when
available, from: BofA Securities, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus
Department, or via email: dg.prospectus_requests@bofa.com; J.P.
Morgan, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or
by email at prospectus-eq_fi@jpmchase.com; or Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at: (866) 803-9204.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended. About Mission Produce,
Inc.Mission Produce is a world leader in sourcing,
producing and distributing fresh avocados, servicing retail,
wholesale and foodservice customers in over 25 countries. The
Company’s operations consist of four packing facilities in the
United States, Mexico and Peru, 11 distribution and ripening
centers across the U.S., Canada, China and the Netherlands, as well
as three sales offices in the U.S., China and the Netherlands.
Contact:Denise Junqueiro, Sr.
Director of Marketing and Communications
djunqueiro@missionproduce.com805-981-3650
Jeff Sonnek, Investor Relations,
ICRJeff.sonnek@icrinc.com646-277-1263
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